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Home My WebLink About1125 ~ of the MortQa~ee become immedtatdy due and paysble. without noUce. aad proceedin~s me~y be lnstltuted by the Nc+rt- gs~ee for tbe reoovery tAereot by forecloaure ot thls Mort~e. or 1n e~? other manaer peranltted by law ~s the Mort- cl~re~oi ~ort~ tbe Mort~e~ee shall be ~ as a part of the indeb~tedaess~~secured he~ tAe~Mort ~gor ~gcees to pa~?. W costs and expensa lncurred in oonnection therewlth. lacludtng reasonable atWrney's fees, cost of tltle end tax search aad the extendon to dRte oi ~n abstract oi tttle or Utle pollq?; and ln case wch forecloa~re Proceed• ings are setUed b~ore the ooasumnnstion thereot Ar the eatry oi ~udgmen~ anY such ccsb and W?en~es ~ other chargea so lncurred. ln~]udtn~ a reasoaable attorney's fee. ~hW neverthele~s be pafd. The Mortga,~ee or any parq~ !n in- terest, bein~ tLe hi~ned bldder, a~ay D~ a purchyier at any foreclosure sate. My election by tbe Mortga~ee as henln pro- vided for mq? be exerclsed immediatel~r upon defantt, or at any time thereatter, ar~d nothtng shall be constn?ed to be a waiver of auch rl~ht udess evidenced by an lnstrument ln wdt[ng to that e}[ect dulq executed by the Mortgagee. The Mortgsgor walves all ~ht oi lamestead and eu~nptlon ~ranted bq the ConstltuUon and I.aws oi Florlda. AND THE MORTGAGOR FURTHER CONVENANIS AND AGREFS: 1. To pay the princlpal iadebtedneas with lnterest as ia the note provtded. To pe~y monWy unto the Mort8a8ee. ia addiUon to and at the time and place for esch payment oi prindpal end tnteepst. an Installment ot each of the foAow- 1n8 charges: i~ Taxes and assessinents. Yeneral or specW. and all other cbarges levled or to be levied against the premlaes. (b) Premiums to become due and psy?able for. and to renew. the insurance on the premiaes agalnst loas by Sre and ~ auch other hazards. c~sualUes end contingenci~ as herglR_Ptovide~ for or recluired irom tl~ to tlme. The amount ot the reapectlve moathl~? ~~~*~~~*+eats shall be equal to tLe amount oi the annual napective charge nent due (as eatinnated by the Mortga~ee). lees W inatallments alreadY pald therefor. divlded by tbe number of monthly in- stallments therefor becomin~ due not Lter tMa one month prbr to the due dste o! aqy such eharge ~nd shall be sub- ~ect to increase or decrease to the estent required to cr~te as oi s monthly payment dste on the note aot leas than one month prior to the due date o! sny such charSe. an amount sufficient for the pqyment thereoi when due and pqyabie. In no event ahall the Mortgagee reoeivin~ sucn payment be llaNe iac any Jaterest on aay amount pnid to it as hereln requlred. end the money ao recetved mqy be held with 1ts own funds P~~B P4Y~ent or appHcadon thereot as t?erein provided. The Moitgagor ahall furnlsh unW the Mortgagee et least Stteen days before the due date an officlal stetement oi the amount oi any taxes or assess~nents neut due. and auch Mortga~ee ahall pqp the above charges to the amouat of the th~ unnsed credlt therefor as and when tIIey beoome severalur due end pay::ble. The Mortgagee msy. at its optlon. pay any o! such char8es when psyable. dther before or after they are delinquen~ without noUce. or make advances therefor in exced ot the then amount oi credit for ssid charQes The euoas amount advanced ahall be lmmediate~y due aad payable to the MortgAgee and shall be secured as an addltlonal prtndpal wm under tLis instrument and bear the same ` rate oi lnterest irora date oi edvancement as the prtndpal iadebtedness. An nIItdal receipt tLerefor shall be coadusive ~ evidence of such payment and ot the valldity M auch chuges. The Mortgagee mqq app~j? credi4 held by it for the abcve chargea, or any pait thereof. on account oi any delinqueat installments oi prindpal or lntereat or any other payments maturing or due under thls iastniment and the amount oi credit extating at anY time shall be reduced by the amount ~ thereo! patd or applled as herein pmvided. The amount oi the exiaUng cndit herruader at the tlme ot sny tranater oi the Property shall vsithout asalgnment thereoi inure to the beneflt oi the suocessor owner oi the property and aball be applled ~aer ana subject to all ot the pmvLs[ons hereoL Upon the payment ia full oi the indebtednese. the amount of sny unused credit ahall be applied to the payment thenwi. T!?e Mortgagee may collect a'7ate charge" not to euceed four cents (4c) for each one dollar (i1.00) of each monthly installment psyment required on the note and under this Mortgage whtch ls more than 8iteen (iS) days 1n arrears. to cover the extra expense involved in handllng deli~uent payments. 2 To pay, when payaWe. all taxes and ass~ments. general or spec3al. water rents and ground rents and all other charges whatscever levied npon or es~eased or placed against the premises. pmvision for which has not been made here- inbefore. and wW promptly dellver the o81cia1 receipts therefor to the Mortgagee; to llkewi~e pay all taxes. as~esaments aad other charges, levled upon or a~ssed, placed or made aga[nst thia lnstruirient, or the indebtedness or any interest of the Mortgagee in the premisea or the obligatlons aecured herebY. Provtded that the pay~nent oi any such tsx asaess- ment or charge by the Mortgagor is not contrary to law or would not result In the payment oi aa unlawfnl rwte oi inter- est on the indebLedness hereby secured. In the event of the psssage atter the date oi thls fnstrument ot anq law oi the State. or subdivtslon thereof. wherein the premises are situated. creating or providtng for anY tax. asa~nent or charge which by the above provlso ia not to be paid by the Mortgagor. the indebtednesa secured hereby together wlth interest due thereo~, shail, at the opUon of the Mortgagee. become immediately? due and payable. and in the event paymedt there- oi b not made forthwith, the Mortgagee may take or esu~e to be taken such actlon or proceeding as may be teken nere- i uuder 1n the case oi any other default in the payment of the indebtedness. f 3. To keep the build)ngs and additipna thereto on or hereafter erected or placed upon the land insured against loss ~ by flre and such other hazards. c~sualties and contin8eades. including war damages ii at az~y time a state oi war exists or ~ it appears to the holder oi the note that war is imnninent, aad in such amounts and for such perbds. as ma~y be required ~ imm time to time by We Mortgagee. and to psy promptly when due all premtnms on such insurance, pmvision for pay- ~ ment ot which has not been made hereinbefore. The polldes oi insurance shall have loms paqable provlsions acceptable to the Mortgagee end shall be deHvered to and held bq the Mortgagee, or as it mqy? direct, unt11 tWs Mortgage ia satis6ed. Renewal pollcies oi insurance. ;premiums for ,which 6ave been tully pald, are to be furnished to the Mortgagee at least # Siteen days pdor bo the e~cp[ratlon date oi the insurance thereby reniwved. T6e lnsurauoe shall be wtitLen in oompanies approved by the Mortgagee; in no event shall the Mortgagee be held respons[ble for failure to pay for eny insurance ~ written or for any lass or damage growing out of a defect tn any poHcq or growing out of any failure of any insurance company to pay for any loaa or damage insured agains~ In the event ot las the Mortgagor ahall g[ve immeaiate notue by mail to the Mortgagee who may make proot oi loas if not made pmmptiy by the Mortgagor; each insurance companq oonceraed !s. hereby suthorined and directed to make payment for loas directlq to the Mortgagee instead oi to the Mort- gagor and the Mortgagee jointlY: tlu insurance proceeds. or anq part thereof. may be applled bq the Mortgagee~ at its optlon, to the expenses, if any. incurred by it in the collectlon thereot. to the reductlon ot the indebtedneas herebq se- cured. to the restoraUon or repair of the prnperty damaged. or released to the Mortgugor wlthout liabWty upon t6e Mort- gagee for such releaae. All poHdea oi lasurance are hereby ass~gaed to the Mortgagee as additional secudty ior the psy- ment oi the sums and interert secured hereby; in the event ol foreclaaure of this Mortgage or other transter o~ tltlo to the ~ premises in extinguishment ot the indebtedness, all rlght~ tltle and lnterest of the Mortgagor fn and to any lnauance polictes then in force ahall pass to the purchaser or grantee. 4 To oomplete within a reaaonable Ume any bullding or buUdings now or at any time la the prooess ot erection upon the land and to prnmptly repair. reatore or rebulld any building or improvementa now or hereafter on the land whfch may beoome dsmaged or be deaimyed, aad not oommit or permit to be done or exist on or about the premi~es anything ~ wherebq,the,premises st~all become less valuable; tp compay with all laws. rules, regulaUons, or ordlnances of any govern- mental agency and aot vfolate or permit the vloLtlon as to the premi~es ot any buflding or use restsletlom; to l~eep the land and impravements thereon iree irom mechanic's and materialmen's ll~s and will not sufrer any llen supertor to the lfen created by this fastrumeat to attach to or be enio~ed against the premisa. ~ 5. If detault be made in the payment of tsxes. assesaments, llens. claims. insurance premiuma or any other charge ~ whataoever. or any part therewi. or in the pesformance ot any act, to be paW or pedormed by the Mort~agor tu?der the ~ provldons hereot. the Mortgagee may. at fts option. make psyment thereoi or pertorm any act reqaired oi the Mortgagor ~ ln ~ay form or manner deemed expedient and pqy any other swn t2~at is nec~essaiy to protect the seeurlty oi thls instru- ment: the amounts ao pai8. aiU? interest thereon lrom tLe date oi wc6 payment at the same rate as borne by tbe prfn- . ~ dpal indebtedneas. ~all be aae~ed as an additlonal lten on t6e premVes and shail be added to aad beoome ~ p~rt of the ? ~ Indebtednas secui+ed hereby and be fmmMiatdy due and payable to the Mortgagee. My payment herebf anthorl~ed to be ; made by the Mortga~ee m~? be made acoording to a~? bi11. statemeat or eatlmate furnfs6ed or proc~tred trom the appro- . ~ prlate public oIIfoe or the party cLiming payment wltbo~t taquiry lnto the aocurac~? or validit~ tbereo~ and the reoeipt oi ~ ani? Wblle oaloer or party in the hands of the Mortgagee shall be oonclus(ve evidenoe oi tLe v~lldit~ aad amonnt oI item~ i ~ so p~tA: the Mortga~ee aba11, at 1b optlon, be subrogated to anq encumbrance. 11en. cWm Qe denutW~ and to a11 tbe rf~hts ; aad ~ecudtlea foc tbe payment thereoi. Pdd ar dfic]~arged wfth the prlnc~Pe~1 sum iecured tretrby oe b~? t6s ~o:t~ee + ~ nnder tUe pravWons herco~ and any such subro~atbn sl~hb shall be addldonal aad cumulatlve securlt~? W tbfs l[ort- ~ ~ ~e. ~ 600K~~~ PAGE11~t~ ~ ~ _ ~ , ~ ~ = z~~~~ . . _ ~